Celebrations greeted the registration this week of the 3,000th project under the Clean Development Mechanism (CDM), the world's premier system for developed countries to finance low carbon projects in developing countries.The secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) announced that the project is a wind power one on the breezy plains of Inner Mongolia, where nomads have harnessed wind power on a small scale for generations.
The CDM is part of the Kyoto Protocol, an addition to the Convention that contains legally binding measures to reduce greenhouse gas emissions.
The 41-turbine, 49.5MW project is expected to save the emission of 100,000 tonnes of carbon dioxide a year by avoiding the construction of a fossil-fuel powered plant.
Developed by the Inner Mongolia Alashan Yinxing Wind Power Generation Co., Ltd, the wind farm is financed by a British company, Shell Trading International, which buys and sells carbon credits, and was approved by DECC last year.
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